The diagram provides information on the British Government’s projected expenditure and receipts for 2010–2011. All figures are in UK £bn. What conclusion can be drawn from the diagram?
- Aeffect of largest spending item on income distribution: less equitable; type of largest receipt item: indirect tax; overall budget balance: deficit
- Beffect of largest spending item on income distribution: less equitable; type of largest receipt item: indirect tax; overall budget balance: surplus
- Ceffect of largest spending item on income distribution: more equitable; type of largest receipt item: direct tax; overall budget balance: deficit
- Deffect of largest spending item on income distribution: more equitable; type of largest receipt item: direct tax; overall budget balance: surplus